Categories: WORLD

‘Any country that wants to play the game…’: Trump threatens ‘higher tariffs’

Amid arguments that the US Supreme Court has struck down President Donald Trump’s global tariffs as “illegal”, the Republican leader has issued a new threat to countries that want to “play games”, warning them of “much higher tariffs and worse”.

U.S. President Trump announced that he would raise the previously imposed 10% tariff to 15%. (Bloomberg)

Friday, Scotts Ruling 6-3 that Trump’s tariffs are invalidfound that the president exceeded his legal powers. Hours after the ruling, Trump signed an executive order imposing 10% global tariffs on foreign goods, moving quickly to maintain his trade plans.

The next day, the president announced that the previously imposed 10% tariff would be increased to 15%.

ALSO READ | US to stop imposing Trump tariffs effective immediately | Customs shares major update

Trump’s renewed tariff threats come amid ongoing scrutiny and global allies such as the European Union and Britain reconsidering trade deals with the United States.

Trump wrote in an article published in “Truth Social”, “Any country that wants to ‘play’ with the Supreme Court’s ridiculous ruling, especially those that have ‘blackmailed’ the United States for years, even decades, will face tariffs that are much higher, or even worse, than they recently agreed to. Buyer beware!!!”

ALSO READ | India to continue trade talks with US after Supreme Court strikes down Trump tariffs

In the Supreme Court’s ruling, Chief Justice John Roberts wrote the majority opinion, saying any “extraordinary assertion” of such power would require “clear congressional authorization,” which Trump did not have.

The ruling is over Trump administrationInstead of imposing broad trade taxes, use laws historically designed to freeze assets or impose sanctions on adversaries.

The U.S. president has used the International Emergency Economic Powers Act (IEEPA), a 1977 law, to impose taxes on imports from nearly all trading partners without seeking approval from the U.S. Congress.

Trump’s global tariffs target allies from Canada to India; until recently, the latter faced 50% tariffs. The trade deal with New Delhi reduces tariffs to 25% and then to 18%.

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